Bitcoin News Today: Bitcoin nears $119,000 as inflation eases and Fed rate cut expected

Recent developments in the cryptocurrency market indicate a strong bullish trend, driven by the easing pace of U.S. inflation and the expectation of a potential Federal Reserve rate cut. This positive macroeconomic backdrop has stimulated risk appetite, with major digital assets such as Bitcoin and Ethereum showing significant price gains. Bitcoin has neared $119,000, while Ethereum has climbed to $4,600, reinforcing a broader upward movement in key assets [1]. Despite a record $5.01 billion in liquidations on a single day, market resilience has been evident as buyers quickly covered short positions, supporting the recovery in total market capitalization [1].

The return of capital is another key development. Exchange-traded funds (ETFs) have started to see inflows, and traditional institutions have increased their holdings of digital assets, further aligning the performance of crypto with that of the stock market [1]. Policy support is also emerging, with the U.S. considering the inclusion of crypto investments in pension accounts such as 401(k)s. This could attract long-term institutional capital and broaden the funding base for the digital asset market [1].

In this evolving environment, BJMINING Cloud Mining has positioned itself as a stable cash flow channel for investors. The platform, based in the UK and with over a decade of industry experience, allows users to rent cloud computing power for mining without the need for hardware investment or electricity costs. Profits are settled daily, and the platform emphasizes transparency, security, and flexibility [1]. Users can withdraw in major cryptocurrencies such as BTC, ETH, USDT, and more, with no withdrawal fees. The referral system also provides additional incentives, with direct and indirect referral bonuses available [1].

Investment options on the platform include various mining contracts with differing profit timelines and return rates. For instance, a $5,800 investment in a 30-day contract using WhatsMiner M66S+ hardware is projected to generate $2,610 in profit, leading to a total return of $8,410 [1]. Similarly, a $12,000 Antminer L7 contract yields $8,160 in profit after 40 days [1]. These examples illustrate the platform's focus on delivering stable and predictable returns amid market volatility [1].

Looking forward, the digital asset market is entering a period of structural optimization, supported by macroeconomic conditions and policy developments. BJMINING aims to enhance its computing efficiency and security infrastructure to better serve users and maintain steady performance in the face of continued price fluctuations [1]. The platform highlights its dual-layer security measures, including protection from McAfee and Cloudflare, as well as AIG asset insurance, to ensure user assets are safeguarded [1].

For investors seeking stable returns, cloud mining offers a compelling alternative to traditional investment strategies. BJMINING, in particular, offers a low-entry option with a $15 free trial bonus for new users, allowing them to experience the platform with minimal risk [1]. The company encourages users to begin their cloud mining journey by registering on its official website and depositing supported cryptocurrencies to activate a mining contract [1].

Source:

[1] Earn $6,800 a day: Inflation easing triggers a bullish atmosphere, market capital returns, and BJMINING becomes a stable cash flow channel (https://www.newsbtc.com/news/company/earn-6800-a-day-inflation-easing-triggers-a-bullish-atmosphere-market-capital-returns-and-bjmining-becomes-a-stable-cash-flow-channel/)